This is the expense the company spent on research and development. NorthWestern Corp's research and development for the six months ended in Sep. 2016 was $0 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2016 was $0 Mil.

Definition

This is the expense the company spent on research and development.

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NorthWestern Corp Research & Development for the trailing twelve months (TTM) ended in Sep. 2016 was $0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

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